DTCP invests $10m in Employee Communication and Engagement Platform Dynamic Signal
DTCP joins Adams Street, Cisco Ventures and Microsoft Ventures in supporting the company’s EMEA expansion. Silicon Valley Veteran, Tony Zingale, joins Dynamic Signal Board of Directors.
Menlo Park, California / Hamburg, Germany, 31 July 2018 – DTCP today announced that it has invested $10 million in Dynamic Signal, the leading Employee Communication and Engagement (ECE) Platform. The funding will support Dynamic Signal’s EMEA expansion as it grows to meet increasing market demand around the globe.
“Modernizing communication in the enterprise is a critical business priority for leading organizations around the globe. DTCP’s investment in Dynamic Signal comes at a time when the Employee Communication and Engagement category is seeing rapid growth and adoption,” said Eric Ver Ploeg, Managing Director at DTCP in the Venture Capital team. “DTCP is looking forward to supporting Dynamic Signal’s expansion across Europe as market demand for ECE Platforms continues to accelerate.”
Today, Dynamic Signal is available to nearly four million employees across six continents in 100 countries. Hundreds of the world’s largest global enterprises, including more than twenty percent of the Fortune 100 trust Dynamic Signal to help modernize, streamline, and measure Employee Communication and Engagement. The company has experienced more than 60 percent year over year growth in sales, and has seen consistent 3x year over year growth in EMEA.
“As we continue our journey as a company and see exponential growth we are thrilled to have DTCP as one of our new partners joining us in serving so many of the world’s leading global companies" said Dynamic Signal CEO and co-founder, Russ Fradin.
The investment in Dynamic Signal is the second from DTCP’s new Venture Fund II, following the recent investment in cloud platform company Fastly. Fund II focuses on venture and growth stage enterprise SaaS companies from North America, Israel and Europe.
DTCP is an investment management group with c. $1.6 billion assets under management and advisory from Deutsche Telekom and other institutional investors, and a portfolio of over 60 companies. The group is dedicated to providing venture and growth capital, special situation investments, and advisory services to the technology, media and telecommunication sectors. It operates and invests in Europe, the US and Israel. To learn more about DTCP, visit www.telekom-capital.com or @TelekomCapital on Twitter.
About Dynamic Signal
Dynamic Signal is the leading company communication platform, trusted by world-class enterprise organizations to increase productivity and empower advocacy by informing and engaging employees with timely, relevant content across channels and devices.
Founded in 2010, and based in Silicon Valley, Dynamic Signal's customers include IBM, Edelman, Capital One, Salesforce, Autodesk, Deloitte, Humana, Hitachi Data Systems, and more. Dynamic Signal is supported by leading investors including Venrock, DTCP, Rembrandt Venture Partners, Trinity Ventures, Cox Enterprises, Time Warner Investments, Signia Venture Partners; Domo CEO, Josh James; Stance CEO, Jeff Kearl, Microsoft Ventures, Focus Ventures, and Akkadian Ventures.
Learn more at www.dynamicsignal.com.
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